Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Growth in Short Interest

Avantis International Equity ETF (NYSEARCA:AVDE) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 754,784 shares, a growth of 105.5% from the August 15th total of 367,341 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,028,636 shares, the days-to-cover ratio is presently 0.7 days.

Avantis International Equity ETF Trading Down 0.6%

Shares of AVDE traded down $0.56 during trading hours on Monday, reaching $92.38. 346,958 shares of the company’s stock traded hands, compared to its average volume of 1,120,610. The stock has a market cap of $18.40 billion, a PE ratio of 14.71 and a beta of 0.78. The firm’s 50 day simple moving average is $92.15 and its 200-day simple moving average is $89.90. Avantis International Equity ETF has a 12 month low of $77.20 and a 12 month high of $94.82.

Hedge Funds Weigh In On Avantis International Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AVDE. Atlas Brown Inc. raised its stake in Avantis International Equity ETF by 3.3% in the 2nd quarter. Atlas Brown Inc. now owns 3,673 shares of the company’s stock worth $328,000 after acquiring an additional 118 shares during the last quarter. Bannerman Wealth Management Group LLC increased its holdings in Avantis International Equity ETF by 1.4% in the 2nd quarter. Bannerman Wealth Management Group LLC now owns 8,454 shares of the company’s stock worth $754,000 after buying an additional 119 shares during the period. Clearwater Capital Advisors LLC raised its position in Avantis International Equity ETF by 0.6% during the 4th quarter. Clearwater Capital Advisors LLC now owns 22,552 shares of the company’s stock worth $1,856,000 after buying an additional 132 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Avantis International Equity ETF by 2.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock valued at $519,000 after acquiring an additional 166 shares during the last quarter. Finally, Team Financial Group LLC increased its stake in shares of Avantis International Equity ETF by 184.5% in the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock worth $25,000 after acquiring an additional 190 shares during the period.

About Avantis International Equity ETF

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.